Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Friday, 11/30” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) Ending its three-days winning streak, the S&P 500 index closed the session lower as investors turn their focus on trade related issues ahead of the highly awaited G-20 summit this weekend. (more…)
Today, It’s About the FOMC and the Interest Rate Outlook! It’s the FOMC meeting minutes release day today, Thursday 11/29. In all probability, it would not be way too far out from what Powell spoke on Wednesday, so there may not be much fireworks in the market. Unless there are any surprises in the FOMC (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 11/29” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) With easing of rate hike fears, the S&P 500 index registered a third straight day of gains, reclaiming the psychologically important 2700 level. Expectations of a possible breakthrough in the U.S. (more…)
Critical Headlines-driven Week In Progress – Don’t Jump the Gun! Our models have opened the post-Thanksgiving trading week with the prior two week’s aggregate profits of 154.75 points from the pre-defined trading levels on the S&P 500 Index! This is now a market with bears in charge, with some bounces upwards after volatile sessions of sell-off. (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 11/28” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) Building on previous session’s rebound, the S&P 500 index closed the choppy session with decent gains on prospects of a mutually agreeable trade deal between the U.S. and China. Strengthening dollar, (more…)
Fed Speak, GDP, FOMC, China…Busy Headlines-driven Week Ahead Our models have closed the abbreviated Thanksgiving trading week by booking another 17 points of profits on top of the prior week’s aggregate profits of 137.75 points on the S&P 500 Index! This is now a market with bears in charge, with some bounces upwards after volatile sessions (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 11/27” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) Solidly rebounding from last week’s steep losses, the S&P 500 index rallied on the back of a promising start to the holiday shopping season. Consumer Discretionary led the gains, further fueled (more…)
Bouncy Market Days Do Not Make A Trend! Our models have closed the abbreviated Thanksgiving trading week by booking another 17 points of profits on top of the prior week’s aggregate profits of 137.75 points on the S&P 500 Index! This is now a market with bears in charge, with some bounces upwards after volatile sessions (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Monday, 11/26” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) Oil prices deepened into their bear market territory, falling more than 7%, weighing down heavily on Energy stocks and dragging the S&P 500 index once again into a correction territory. Technology (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Monday, 11/26” will be posted around 8:30am EDT, Monday. THE GIST (“THE WHAT”) Taking a breather from last two days’ intense selling, the S&P 500 index bounced back on the back of a rebound in retail and technology stocks. Energy stocks led the index (more…)
